VAT Calculation Adjustment Query

Hi

I am using the old version of Solar Accounts and it is including interest from savings when calculating VAT payable under the Flat rate scheme. HMRC has confirmed that this is incorrect. How can I adjust the figures in the VAT return and in the VAT liability.

Thanks

Posted by Susan Ollerenshaw on Oct 12, 2022 10:42 AM BST

Hi Sue,

To exclude interest payments from affecting your VAT return: In the payment
window click More Options > VAT Treatment > Out of Scope.

Posted by Solar Accounts Customer Support on Oct 12, 2022 10:51 AM BST